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Question: Long before they have created a common European currency, Euro, each European country implemented policies to fix the value of their currency relative to

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Long before they have created a common European currency, Euro, each European country implemented policies to fix the value of their currency relative to the currency of other EU countries. What might be the effect of this policy on the European countries? Can you please explain your answer. Based on model of international trade and open economics

Thanks a lot!

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